Global Baby Food And Infant Formula Market 2017-2021
About Baby Food and Infant Formula
Baby food is any soft food (other than breastmilk or infant formula) that is made specifically for babies between the ages of four to six months and two years. Infant formula is a processed food for babies and infants under 12 months of age, usually prepared for bottle-feeding or cup-feeding. There are two types of infant formula: powder (need to be mixed with water) or liquid (can be consumed with or without adding water).
Technavio’s analysts forecast the global baby food and infant formula market to grow at a CAGR of 8.77% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global baby food and infant formula market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Baby Food and Infant Formula Market 2017-2021
Technavio recognizes the following companies as the key players in the global baby food and infant formula market: Abbott, Danone, HiPP, Kraft Heinz, Nestlé, and Reckitt Benckiser.
Other Prominent Vendors in the market are: Arla Foods, Amara Organics, Baby Gourmet Foods, Beingmate Group, Ella's Kitchen, Friso, GreenZoo, Healthy Sprouts, Hero Group, MORINAGA MILK INDUSTRY, Meiji Holdings, One Earth Farms, Parent's Choice, Plum, PBC, SPROUT, and Stonyfield Farm.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is growing popularity of organic baby food products. Growing awareness about the detrimental effects of harmful chemicals and preservatives has resulted in more parents opting for organic baby foods. With increasingly polluted environments and habitats, there is growing anxiety as to the safety of the products consumers use, more so the food they consume. A preference for organic baby products stems from a concern for health and general wellbeing, especially that of children. Organic baby food typically is free from chemicals, pesticides, preservatives, hormones, and antibiotics. Thus, they have garnered much attention in recent years. Many stipulations govern the manufacture, packaging, and labeling of organic baby food. All cereals are grown without using chemical fertilizers or pesticides. The dairy and poultry products are derived from livestock that are fed organic feed and not administered growth hormones.”
According to the report, one driver in market is rise in number of working women. The increase in the number of working women globally has boosted the consumers' demand for baby food and infant formula-based products. Furthermore, rising urbanization and the growth of the middle-class population have significantly encouraged consumers to adopt convenience-oriented lifestyles, which, in turn, is making baby food and infant formula-based products a desirable option among working women. Many working mothers return to their jobs shortly after childbirth, and so baby food and infant formula are an appealing option as they combine health and nutrition with convenience.
Further, the report states that one challenge in market is rising health concerns about processed baby food and infant formula. Many people consider some of the baby food products such as baby puffs to be harmful to the baby's health due to the manufacturing process and also due to the raw materials like grains with which they are made. The puffs are produced through a process called extrusion that involves mixing grains with water in a device called extruder that processes the grains through a tiny hole, at high temperatures and pressure, to give them the desired shape. This manufacturing process inactivates enzymes, breaks fatty acids, increases the food's glycemic index, reduces the grains’ nutrient profile, and lowers the vitamin and mineral content. Many puffs are mostly made of white rice or other non-whole grains. Further, puffs often contain lecithin, which is made from either sunflower or soy seeds. Generally, hexane, a petroleum-based neurotoxin and air pollutant, is used to separate vegetable oil from these seeds. Hence, lecithin should be avoided as it might contain hexane residue.
Abbott, Danone, HiPP, Kraft Heinz, Nestlé, Reckitt Benckiser, Arla Foods, Amara Organics, Baby Gourmet Foods, Beingmate Group, Ella's Kitchen, Friso, GreenZoo, Healthy Sprouts, Hero Group, MORINAGA MILK INDUSTRY, Meiji Holdings, One Earth Farms, Parent's Choice, Plum, PBC, SPROUT, and Stonyfield Farm.
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